income tax act 1961

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    Madras HC Dismisses Tax Evasion Case Against Filmmaker Menon

    Chennai, April 6 – The Madras High Court on Monday quashed the criminal prosecution initiated by the Income Tax Department against filmmaker Gautham Vasudev Menon, in connection with the alleged failure of a Chennai-based production company to file income tax returns.Justice G.K. Ilanthiraiyan...
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    Income Tax Department Announces ITR Notifications

    New Delhi, March 31 The Income Tax department has notified all income tax return forms for the assessment year (AY) 2026-27.While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms 2, 3, 5, 6 and 7, as well as ITR-U (for filing updated returns), were...
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    Transitioning to New Tax Act: E-Filing Portal Remains Compatible

    New Delhi, March 23 The Income Tax department on Monday said its e-filing portal will facilitate compliance under the old and Income Tax Acts, and all assessments, appeals, and other proceedings relating to earlier years will continue to be conducted under the old Act until their final...
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